document.write( "Question 1143678: Find the cost and selling price when the markup is $ 9.75 and the rate of markup based on cost is 25.30%. Find the cost and selling price. Round amounts to the nearest cent and percents to the nearest tenth of a percent. \n" ); document.write( "
Algebra.Com's Answer #764555 by ankor@dixie-net.com(22740)![]() ![]() You can put this solution on YOUR website! Find the cost and selling price when the markup is $ 9.75 and the rate of markup based on cost is 25.30%. \n" ); document.write( " Find the cost and selling price. \n" ); document.write( " Round amounts to the nearest cent and percents to the nearest tenth of a percent. \n" ); document.write( ": \n" ); document.write( "Let c = the cost of item \n" ); document.write( "then \n" ); document.write( "c + 9.75 = selling price \n" ); document.write( "and \n" ); document.write( "1.253c = selling price also \n" ); document.write( "therefore \n" ); document.write( "1.253c = c + 9.75 \n" ); document.write( "1.253c - c = 9.75 \n" ); document.write( ".253c = 9.75 \n" ); document.write( "c = 9.75/.253 \n" ); document.write( "c = $38.54 is the cost \n" ); document.write( "and \n" ); document.write( "38.54 + 9.75 = $48.29 is the selling price \n" ); document.write( " |